Global recession may prove blessing in disguise for Pakistan
| The current global economic recession provides great opportunity to Pakistan for attracting investment as the country provides better chances of returns as compared to the Western and other countries of the world, Federal Minister for Investment Senator Waqar Ahmad Khan said.
“Due to financial recession, there is negative trend in returns all over the world but very positive in Pakistan. This trend has enabled Pakistan to emerge as strong profit provider in terms of returns,” the federal minister for Investment told APP in a panel interview here Friday. |
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| Senator Waqar said that Pakistan provides 35 to 40 percent profit returns besides offering a conducive atmosphere to invest in various sectors of economy. |
| He said that the investors are in search of safe and profitable markets and are afraid to invest in the countries facing financial recession, however, Pakistan was not directly hit by the recession, hence offering a promising opportunity for them.
Economic experts believe that although the increasing prices of oil and edible commodities at international market affected Pakistan negatively, however, it was not directly hit by the financial recession as the other countries experienced. However, the investment minister stressed the need for taking comprehensive strategic measures to exploit this opportunity for the betterment of the country’s sustainable economy. |
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| Courtesy: APP – Islamabad
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